Global Renewable Capacity Rises 14% to 3,870 GW in 2023: IRENA
The report found that solar energy registered the largest share at 1,419 GW last year, recording 32.2 percent over 2022. Hydropower and wind energy accounted for most of the remainder, with total capacities of 1,268 GW and 1,017 GW, respectively.
Petronas Inks Deal with ADNOC, Storegga to Assess Carbon Storage in Malaysia
The three companies have signed an agreement to assess the CO2 storage capabilities of saline aquifers and the construction of carbon capture and storage facilities in the Penyu basin, offshore Peninsular Malaysia.
Punjab ITIs Gear Up for EV Revolution, Offer New Courses: Report
The department is associating with vehicle manufacturers like Mahindra and Maruti Suzuki to invest in infrastructure upgrading at the ITIs under the central government scheme to skill youth in collaboration with the industry.
Sceye Demonstrates Solar and Battery Powered Flight for Climate Monitoring
This is a major step towards flying for months or years using solar power during the day and batteries for night flights, which are recharged by the sun the next day.
SEBI to Widen Scope of Sustainable Finance Through ESG Debts
This category will include social bonds, sustainable bonds, and sustainability-linked bonds, in addition to the current green debt securities.
UAE’s Etihad Rail Launches Sustainable Finance Framework for Green Investments
This framework aims to facilitate the issuance of green bonds, which will be instrumental in securing funds for lower-carbon infrastructure projects such as clean transportation, green buildings and pollution control.
World Bank Issues $225M Bond to Fund Amazon Reforestation
The 2033 bond provides investors with a coupon that includes a fixed guaranteed component and a variable component linked to the generation of carbon removal units from reforestation projects in the Amazon rainforest regions of Brazil.
Delhi’s IGIA Becomes 1st Indian Airport to Get Net Zero Carbon Emissions Status
The facility, managed by GMR Group, became the first airport in India to achieve “net zero carbon emission airport status, a level 5 certification, under the Airport Council International’s carbon accreditation program.
Ola Electric Unveils e-bikes Lineup, Eyes India’s 1st AI Chip Launch in 2026
The lineup includes three models – the Roadster X, Roadster, and Roadster Pro – with prices starting at ₹74,999. While the Roadster Pro will be launched during Diwali, the Roadster X and Roadster will hit the market in January 2025.
Over 47,000 People Died in Europe Last Year Due to Heat, Study Estimates
According to a study by the Barcelona Institute for Global Health, 47,690 deaths across 35 European countries were estimated in 2023, of which 47,312 occurred between May 29 and Oct. 1.